Non-Profit Startup

Let Us Help You Create The Non-Profit of Your Dreams!
In order to setup and maintain your tax exempt status, your organization must meet very specific expense and income classifications. The IRS determines your eligibility with the following:

Yearly Income Statements – categorizing specific expense and revenue details such as donations, salaries, postage, rent, etc.

A Yearly Balance Sheet – including cash, accounts receivable and accounts payable.

Individual Program Expense Statements – detailing every expense for each program, service or seminar, including things like educational mailings.

Revenue Support Schedules – detailing charitable donations, membership fees, and investment interest.

As you can see, the way you set up your bookkeeping and accounting system is crucial to successful maintenance of non-profit status. Luckily, we can help you create the necessary bookkeeping systems and can even take care of filing the forms for you yearly.

Our non-profit services include…

  • Filing of your non-profit status application, initial start-up documentation, incorporation, FEIN, and payroll setup with federal and state agencies. For new non-profits, contact us for a list of items needed to apply for 501 (c)(3) status.
  • Reviewing and compilation of your financial statements.
  • Design, training and maintenance for your accounting system.
  • Payroll management and preparation.
  • Yearly filing of the necessary IRS tax forms.
  • Board training services regarding non-profit budgeting and management practices.
  • For Churches, we prepare the pastoral housing allowance and other required benefit documentations.

Let Us Help:

The Word on Payment Methods for Columbia Businesses

…payment methods!Try to come up with one thing that’s more important to your Columbia business than taking in revenue smoothly. Yeah, I couldn’t, either.And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of...

Alleviating Cash Flow Management Pains for Columbia Businesses

[1] Because we’re talking cash flow management today… with a recession looming on the horizon and the effects of inflation being felt so hard in everyday life, it’s difficult not to freak out over what lies ahead for your Columbia small...

Why Should Columbia Businesses Care About FASB and GAAP?

 Yes, inflation isn't slowing down, even here in Columbia.Though it's not the main thing I'll be writing about today, I did want to point out this economic elephant in the room for my Howard County business owner readers and clients, and not just speed on by...

An Accounting Methods Rundown for Columbia Businesses

Before I get into accounting methods basics today (a subject near to my heart) ... I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Columbia business owners are in the thick of things during this commemorative...

Making the Most of Your Columbia Business’s P/L Statement

In the arena of not-so-good news, along with so many other things these days, it looks like IRS interest rates have gone up for Quarter 3. Inflationary insults to injury for Columbia business owners.These days are getting tougher. Hang in there.Now … the one...

Harry C. Hearn, Inc.’s Guide to the Profit and Loss Statement

As a small business owner, you’re often preoccupied with all the things that go into running your Columbia business – the daily logistics, managing employee workflow, paying the bills, bringing in more customers… making a profit. Let’s focus on that last one,...

Three Financial Statements Columbia SMBs Need To Get Right

If you’re a successful Columbia business owner in this high-pressure time, you’ve learned to master the art of the pivot. Pivot on pricing, pivot on operations, pivot on hiring, pivot on supply, pivot on financials... Successfully pulling it off is...

Customer Relationship Management Software for Columbia Businesses

Apparently, it is National Small Business Week. And while I tend to think these kinds of “national weeks” or days, or what have you, are often pretty silly … well, as someone who has been in the trenches with the SMB community over the last few years, I...

Time Management Software Choices for Columbia Businesses

Tax “season” is over – at least for most of us. For all of the tax-exempt organizations out there operating on a calendar year basis, just a little nudge regarding the May 16th filing deadline. We’re here to help.Now, however, despite the relief that comes with the...

What is the Best Payroll Software for Your Columbia Small Business?

Every Columbia business owner in today’s inflationary environment is looking for ways to economize and improve: overhead expenses, workload, staffing needs, office space, supply chains, etc. It all feels stretched. We’re *all* feeling it, even here in Columbia.So it...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

Contact Us